Tennessee Market Highlights

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Cotton, soybeans, and wheat were down; corn was flat for the week.

It was a rough start to the week for corn, soybean, and cotton prices. Wheat prices tailed off at the end of the week due to lower prices from export com-petition with Russia and France. 2019 corn harvest futures prices continue to trade in a tight 10 cent range, $3.95 to $4.05. At the end of the week, corn futures were right in the middle of the range. Expect corn futures pric-es to move sideways with trade, South American weather, and U.S. planting intentions providing the potential to push prices out of the range. 2019 harvest soybean futures have started to plateau, moving sideways the past month and a half. Trade news between China will likely jolt the market lower or higher before the end of the month. Mixed soybean production reports for Argentina (up) and Brazil (down) provide potential offsets to current estimates. On Monday and Tuesday, December cotton futures dropped nearly 2 cents and then moved sideways for the rest of the week. Continue reading at Tennessee Market Highlights.

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